Auction Market Preferred Stock (Hansard, 10 March 1992)

HC Deb 10 March 1992 vol 205 c471W 471W

§ Mr. Cousins
To ask the Secretary of State for Trade and Industry whether he has referred the accountancy valuation status and practice of auction market preferred stock to the Accounting Standards Board.

§ Mr. Redwood
No. The Accounting Standards Board raised the question of auction market preferred shares in its recent discussion paper on accounting for capital instruments.

§ Mr. Cousins
To ask the Secretary of State for Trade and Industry what representations he has had about the status of auction market preferred stock.

§ Mr. Redwood
None.